FOREIGN DIRECT INVESTMENT · 2020-05-27 · FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA, 2019 IN PARTNERSHIP WITH CUSTOM CONTENT 13-24_WTCLA_20190520.indd 13 5/15/19 12:07 PM

FOREIGN DIRECTINVESTMENTIN SOUTHERN CALIFORNIA, 2019

IN PARTNERSHIP WITH

CUSTOM CONTENT

13-24_WTCLA_20190520.indd 13 5/15/19 12:07 PM

14 LOS ANGELES BUSINESS JOURNAL - CUSTOM CONTENT MAY 20, 2019

Rank County Jobs 2018 Jobs 2017 Jobs 2016 % Change in # of Jobs Firms 2018 Firms 2017 Firms 2016 % Change in # of Firms Avg Wage per Emp, 2018

1 Japan 81,751 85,874 87,247 -6.3% 2,407 2,541 2,465 -2.4% $75,665

2 United Kingdom 64,993 63,739 68,396 -5.0% 1,281 1,167 1,142 12.2% 66,895

3 France 44,611 38,261 35,981 24.0% 967 693 689 40.3% 72,193

4 Canada 42,714 40,819 39,798 7.3% 895 872 858 4.3% 77,211

5 Germany 27,449 32,881 34,141 -19.6% 837 940 858 -2.4% 68,226

6 Switzerland 23,216 24,292 24,675 -5.9% 370 385 387 -4.4% 90,614

7 Ireland 16,594 20,425 20,985 -20.9% 161 185 203 -20.7% 76,655

8 China 15,683 15,968 11,221 39.8% 448 467 323 38.7% 76,635

9 Sweden 10,408 11,344 23,177 -55.1% 119 124 121 -1.7% 52,702

10 Taiwan 10,145 9,492 8,035 26.3% 262 248 257 1.9% 74,552

11 South Korea 8,997 10,029 7,464 20.5% 286 306 262 9.2% 69,586

12 Australia 8,937 7,873 7,569 18.1% 241 218 202 19.3% 78,630

13 Netherlands 8,715 10,894 11,104 -21.5% 198 218 216 -8.3% 82,267

14 Mexico 6,485 6,704 6,673 -2.8% 251 260 254 -1.2% 65,628

15 Spain 6,169 6,426 6,764 -8.8% 117 119 116 0.9% 63,829

16 Thailand 5,779 786 774 646.6% 23 23 21 9.5% 82,365

17 Israel 5,162 4,445 4,495 14.8% 58 55 53 9.4% 75,997

18 India 4,107 4,169 3,535 16.2% 119 126 108 10.2% 77,228

19 Belgium 3,999 2,001 2,834 41.1% 62 71 72 -13.9% 58,265

20 Italy 3,478 3,290 3,096 12.3% 151 158 152 -0.7% 57,853

21 Hong Kong 3,407 2,389 2,286 49.0% 106 102 94 12.8% 59,761

22 Cayman Islands 3,245 2,709 2,745 18.2% 60 32 33 81.8% 60,411

23 Austria 2,417 1,622 1,304 85.4% 83 73 44 88.6% 53,205

24 Luxembourg 2,201 5,247 4,734 -53.5% 124 336 332 -62.7% 68,635

25 Rest of World 14,917 16,275 19,997 -25.4% 679 659 702 -3.3% 67,759

TOTAL 425,579 427,954 439,030 -3.1% 10,305 10,378 9,964 3.4% 72,800

Table 1 CHANGE IN FOES BY SOURCE NATIONS, BETWEEN 2016-18, SOUTHERN CALIFORNIA

Sector Jobs Firms Est. Wages ($millions) Jobs Firms

Natural Resources 2,036 48 $169.5 176 3

Construction 5,063 141 325.0 580 -10

Manufacturing 144,727 1,552 10,940.7 -3,103 -36

Wholesale Trade 53,540 1,682 3,902.3 553 -22

Retail Trade 41,439 2,619 1,443.1 -3,208 205

Transp, Warehousing & Utilities 21,481 501 1,256.0 -1,581 -21

Information 25,008 501 2,956.0 3,584 -68

Financial Activities 38,692 1,108 4,341.0 -1,102 -82

Prof/Business Services 59,493 1,254 4,338.3 285 -40

Education/Health 5,886 245 282.1 -59 3

Leisure/Hospitality 21,310 400 703.8 2,298 30

Other Services 5,942 169 238.8 203 -13

Public Administration 962 85 85.4 -1,001 -22

TOTAL 425,579 10,305 30,982.0 -2,375 -73

Table 2 CHANGE IN FIRMS AND JOBS, BY SECTOR, 2017-18

2018 CHANGE (2017-2018)

Table 3CHANGE IN FIRMS AND JOBS, BY COUNTY, 2017-2018

Sector Jobs Firms Est. Wages ($millions) Jobs % of all FOE Jobs Firms

Los Angeles 199,422 4,818 $15,232.7 -1,389 -0.1% -94

Orange 104,253 2,004 7,443.2 -5,488 -1.1% -61

Riverside 18,800 633 4,510.7 1,924 0.5% 48

San Bernardino 23,060 830 1,165.7 268 0.1% 33

San Diego 59,752 1,625 937.4 538 0.2% -1

Ventura 20,292 395 1,692.3 1,772 0.4% 2

TOTAL 425,579 10,305 30,982.0 -2,375 2.0% -73

2018 CHANGE (2017-2018)

If uncertainty characterized the 2018 international trade and investment landscape, distinct deadlines with unclear outcomes color the emerging portrait of 2019. Though originally scheduled for March 29 of this year, the European Council and UK Government agreed to postpone the UK’s final exist from the Union until October 31 at the latest. The USMCA (the United States Mexico Canada Agreement) – the intended replacement agreement for NAFTA – remains unratified by the US Congress despite executive approval from all three governments at the G20 summit in November. With tariffs in place between Canada and Mexico and the United States, the greater peril of the US withdrawing from NAFTA entirely, and a divided US government, the road to ratification is uncertain. Finally, fears of a Chinese economic slowdown held by economists and the global market continue to loom large as the year progresses. Across the globe, key political decisions worth trillions will play out before year end.

As the 13th largest economy in the world, the six-county Southern California region supports and is supported by a profound interconnection with the global economy and rich bilateral and multilateral relationships with partners across all continents. Now in its fourth edition, the World Trade Center Los Angeles (WTCLA) and the Los Angeles County Economic Development Corporation (LAEDC) once again present a report on the status and trends of international trade and investment in Southern California (defined as the counties of Los Angeles, Orange,

Riverside, San Bernardino, San Diego and Ventura). In addition to continuing to provide critical information regarding the region’s economic

interactions with its global partners, taking the form of statistics and trends concerning foreign-owned enterprises (FOEs), this body of research turns aside from ongoing global economic phenomena to reflect on FOEs in the context of regional sustainability. Indeed, since the previous report, Gavin Newsom has been inaugurated as governor of the State of California, and with a new state Legislature has enumerated policy goals for his administration of which climate change features prominently. In collaboration with the University of California Los Angeles (UCLA) International Institute and Center for Neighborhood Knowledge, this report presents an analysis of FOE location relative to several sustainability indicators: 1) average commute miles of workers; 2) jobs density; and 3) the availability of high-quality transit opportunities.

In 2018, 10,305 foreign-owned firms are estimated to operate in Southern California, representing roughly 1.2 percent of all firms in the region. These firms are estimated to employ 425,579 residents, which account for 5.4 percent of the region’s employment, who earned an estimated $31 billion in wages last year.

INTRODUCTION

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SOUTHERN CALIFORNIA

FOEs BY INDUSTRY SECTORFOEs BY SOURCE NATION

Rank County Jobs % of All FOE Jobs Firms Est. Wages

($millions)

1 Japan 81,751 19.2% 2,407 $6,185.7

2 United Kingdom 64,993 15.3% 1,281 4,347.7

3 France 44,611 10.5% 967 3,220.6

4 Canada 42,714 10.0% 895 3,298.0

5 Germany 27,449 6.4% 837 1,872.7

6 Switzerland 23,216 5.5% 370 2,103.7

7 Ireland 16,594 3.9% 161 1,272.0

8 China 15,683 3.7% 448 1,201.9

9 Sweden 10,408 2.4% 119 548.5

10 Taiwan 10,145 2.4% 262 756.3

All Others 88,015 20.7% 2,558 6,174.8

TOTAL 425,579 100.0% 10,305 30,982.0

Major Industry Jobs Firms Est. Wages ($millions)

Natural Resources 2,036 48 $169.5

Construction 5,063 141 325.0

Manufacturing 144,727 1,552 10,940.7

Wholesale Trade 53,540 1,682 3,902.3

Retail Trade 41,439 2,619 1,443.1

Transp / Warehouse / Util 21,481 501 1,256.0

Information 25,008 501 2,956.0

Financial Activities 38,692 1,108 4,341.0

Prof/Business Services 59,493 1,254 4,338.3

Education/Health 5,886 245 282.1

Leisure/Hospitality 21,310 400 703.8

Other Services 5,942 169 238.8

Public Administration 962 85 85.4

TOTAL 425,579 10,305 30,982.0

FOREIGN-OWNED ENTERPRISES (FOEs)FOE JOBS

425,579 FOE FIRMS

10,305 ESTIMATED WAGES

$30,982M

LOS ANGELESCOUNTY


199,422 FOE FIRMS


$15,233M

FOEs BY SOURCE NATION


($millions)

1 Japan 40,747 20.4% 1,203 $3,205.2

2 United Kingdom 27,165 13.6% 573 1,982.6

3 France 21,496 10.8% 473 1,565.8

4 Canada 18,104 9.1% 350 1,596.3

5 Germany 15,471 7.8% 174 1,544.8

6 Switzerland 12,704 6.4% 353 911.0

7 Ireland 5,917 3.0% 240 450.9

8 China 5,771 2.9% 143 412.4

9 Sweden 5,604 2.8% 126 452.4

10 Taiwan 4,935 2.5% 77 468.0

All Others 41,508 20.8% 1,106 2,643.3

TOTAL 199,422 100.0% 4,818 15,232.7


Natural Resources 790 19 $83.4

Construction 969 43 61.6

Manufacturing 45,361 559 3,251.5

Wholesale Trade 24,772 804 1,593.3

Retail Trade 20,089 1,131 710.8

Transp / Warehouse / Util 16,867 343 1,035.6

Information 17,374 292 2,259.9

Financial Activities 27,587 552 3,348.1

Prof / Business Services 24,638 600 2,011.8

Education / Health 2,443 87 111.7

Leisure / Hospitality 13,583 234 511.3



TOTAL 199,422 4,818 15,232.7

FOEs BY INDUSTRY SECTOR

ORANGE COUNTY


104,253 FOE FIRMS


$7,443M



($millions)

1 Japan 21,334 20.5% 512 $1,583.8

2 United Kingdom 19,449 18.7% 219 1,050.7

3 Canada 11,105 10.7% 160 854.4

4 France 9,475 9.1% 183 686.8

5 China 7,521 7.2% 85 607.8

6 Ireland 6,136 5.9% 42 473.3

7 Germany 5,190 5.0% 170 401.0

8 Taiwan 3,119 3.0% 72 251.7

9 Israel 2,993 2.9% 15 232.8

10 Switzerland 2,406 2.3% 80 189.2

All Others 15,525 14.9% 466 1,111.6

TOTAL 104,253 100.0% 2,004 7,443.2





Wholesale Trade 16,659 383 1,431.4

Retail Trade 9,806 463 355.6

Transp / Warehouse / Util 1,668 45 88.5

Information 3,344 75 359.6

Financial Activities 4,454 199 467.4

Prof / Business Services 21,051 289 1,316.0

Education / Health 1,195 46 60.1

Leisure / Hospitality 2,510 56 65.2

Other Services 384 28 14.4


TOTAL 104,253 2,004 7,443.2


FDI DESTINATION COUNTIES


18,800 FOE FIRMS

633 ESTIMATED WAGES

$937M



($millions)

1 Canada 3,132 16.7% 90 $141.2

2 Japan 2,312 12.3% 103 121.3

3 United Kingdom 2,220 11.8% 94 98.9

4 Germany 1,847 9.8% 50 95.0

5 Switzerland 1,587 8.4% 20 89.2

6 Sweden 1,472 7.8% 14 71.5

7 France 1,110 5.9% 62 45.5

8 Spain 1,015 5.4% 25 65.3

9 Ireland 637 3.4% 16 32.7

10 South Korea 539 2.9% 7 27.0

All Others 2,929 15.6% 152 149.8

TOTAL 18,800 100.0% 633 937.4




Manufacturing 8,063 104 435.9

Wholesale Trade 1,930 90 129.5

Retail Trade 1,704 209 53.5

Transp / Warehouse / Util 531 19 21.4

Information 367 22 20.2


Prof/Business Services 2,279 36 81.0

Education/Health 238 17 10.0

Leisure/Hospitality 974 30 22.6


Public Administration - - -

TOTAL 18,800 633 937.4

RIVERSIDE COUNTY

CUSTOM CONTENT 15

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SAN BERNADINO COUNTY


23,060 FOE FIRMS

830 ESTIMATED WAGES

$1,166M



($millions)

1 Japan 3,448 15.0% 144 $166.2

2 Germany 3,068 13.3% 84 156.0

3 Canada 2,944 12.8% 100 158.5

4 France 2,387 10.4% 64 111.3

5 United Kingdom 1,304 5.7% 69 57.4

6 China 1,032 4.5% 63 55.6

7 Mexico 977 4.2% 34 47.9

8 Switzerland 942 4.1% 30 47.4

9 Australia 743 3.2% 20 41.5

10 India 739 3.2% 13 53.8

All Others 5,476 23.7% 209 270.1

TOTAL 23,060 100.0% 830 1,165.7




Manufacturing 9,490 170 528.3



Transp / Warehouse / Util 1,606 47 70.1

Information 453 30 26.6

Financial Activities 739 51 41.3






TOTAL 23,060 830 1,165.7


VENTURA COUNTY


20,292 FOE FIRMS

395 ESTIMATED WAGES

$1,692M



($millions)

1 France 5,652 27.9% 43 $534.1

2 United Kingdom 4,605 22.7% 74 408.0

3 Canada 2,572 12.7% 37 164.7

4 Japan 2,230 11.0% 58 197.7

5 Germany 1,849 9.1% 47 123.3

6 Ireland 973 4.8% 17 91.5

7 Sweden 499 2.5% 5 22.7

8 Mexico 314 1.5% 13 29.3

9 South Korea 299 1.5% 5 26.2

10 China 173 0.9% 3 10.1

All Others 1,126 5.5% 93 84.6

TOTAL 20,292 100.0% 395 1,692.3









Financial Activities 669 50 53.7



Leisure/Hospitality 288 9 6.0


Public Administration - - -

TOTAL 20,292 395 1,692.3

SAN DIEGO COUNTY


59,752 FOE FIRMS


$4,511M



($millions)

1 Japan 11,680 19.5% 387 $911.4

2 United Kingdom 10,250 17.2% 252 750.1

3 Thailand 5,033 8.4% 5 423.1

4 Canada 4,857 8.1% 158 383.0

5 France 4,491 7.5% 142 277.0

6 Ireland 3,578 6.0% 26 298.4

7 Germany 2,791 4.7% 133 186.5

8 Switzerland 2,710 4.5% 57 226.2

9 Netherlands 1,950 3.3% 49 138.5

10 Sweden 1,527 2.6% 16 74.4

All Others 10,885 18.2% 400 842.2

TOTAL 59,752 100.0% 1,625 4,510.7






Retail Trade 5,456 466 182.5





Education/Health 1,465 60 74.3




TOTAL 59,752 1,625 4,510.7



ABOUT WORLD TRADE CENTER LOS ANGELES The World Trade Center Los Angeles (WTCLA) is dedicated to attracting foreign direct investment and facilitating business opportunities between Los Angeles and international companies. WTCLA is a non-profit organization that provides business assistance services to international companies seeking to locate or expand their business operations in the Los Angeles Region, and to local companies seeking to export products or services to international markets.

ABOUT THE INSTITUTE FOR APPLIED ECONOMICS AT LAEDC The Institute for Applied Economics at LAEDC performs objective economic research and analysis for a wide range of clients, detailing economic impact of development, business operations, and regulation, as well as providing intelligence about specific industry clusters, labor force, and workforce development issues. The Institute’s reports provide decision makers with critical information from which to make informed decisions. In addition to providing on-demand research per client requirements, the Institute also conducts foundational research to ensure LAEDC’s many programs for economic development are on target, including the company’s collaboration with workforce investment boards, its award-winning business assistance program, and its work on the L.A. County Strategic Plan for Economic Development and its cluster development initiatives.

ABOUT THE UCLA INTERNATIONAL INSTITUTEThe International Institute is the hub for research, teaching, and engagement in global and international affairs at UCLA. It connects the world to UCLA and UCLA to the world. This project has been conducted in partnership with the UCLA Center for Neighborhood Knowledge, which specializes in analyzing the urban spatial structure with a focus on community economic development, sustainability, and equity.

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FOE AND REGIONAL SUSTAINABILITY CUSTOM CONTENT 17

SUSTAINABILITY ANALYSIS

In 2008, just over ten years ago, California passed S.B. 375 as part of the state’s commitment to reduce greenhouse gas emissions. That legislation requires regions to include “Sustainable Community Strategies” (SCS) in their regional transportation plans, laying out the ways that regions will implement coordinated planning in housing, jobs, and transportation to reduce private vehicle travel. Last fall, the California Air Resources Board released their first systematic report on SCS performance, the findings of which suggest that the state is falling behind in reaching those goals and that “more and accelerated action is critical for public health, equity, economic, and climate success.” 1 The following analysis evaluates the locational performance of foreign-owned enterprises (FOEs) relative to indicators of development and investments that support the state’s ambitious climate change initiative.2

This section of the World Trade Center Los Angeles’ (WTCLA) 2019 Foreign Direct Investment Report examines foreign-owned enterprises in the context of regional sustainability. The analysis looks at the location of FOEs in the Southern California region relative to three sustainability indicators: a) average commute miles of workers; b) job density; and c) the availability of high-quality transit opportunities.

Generally, the locations of FOEs are neither more or less aligned with desired sustainable outcomes than the typical Southern California establishment. International companies do perform better in the job density category. Whether companies are aware or not of the potential positive sustainability effects, their location in higher density areas can help to push forward progress toward SCS goals. Still, there is much more that can be done across the region to better meet these goals. There are climate change mitigation benefits as well as productivity benefits that can come from achieving better sustainability outcomes. There can be opportunities for companies to create and contribute toward solutions that meet greenhouse gas reduction goals and, at the same time, benefit industry, workers, communities, and the region as a whole.

Table 1 PROPORTION OF FOES IN EACH SUSTAINABILITY CATEGORY(Distribution across quintiles)

By Establishment Average Person Miles Traveled to Work Job Density High Quality Transit

Location Coverage

Highest Sustainability 8% 37%6 19%

High Sustainability 16% 28% 21%

Neutral 22% 17% 26%

Low Sustainability 28% 11% 22%

Lowest Sustainability 27% 7% 12%

SOUTHERN CALIFORNIA REGIONThe following analysis takes all census tracts3 in Southern California and

calculates for each three sustainability indicators, capturing some key features of sustainable planning strategies. Indicators include:

• Average person miles traveled (PMT) to work: This is calculated by taking the total commute distances of workers to a census tract and dividing by the number of workers. The desired outcome is to decrease private automobile commutes and reduce associated greenhouse gas emissions.

• Job Density (jobs per square mile): Density can have a positive impact through the promotion of agglomeration effects, facilitating face-to-face interaction and reducing trip distances for businesses, employees, and consumers.

• High quality transit location (HQTL) coverage4: This measures the available public transportation opportunities within a tract. The location of jobs, housing, and other destinations in areas well-served by transit can encourage greater usage and a shift away from private autos.

FOEs are spatially assigned to the census tract in which they are located. The analysis compares the distribution of 2018 FOEs to the distribution of all establishments in Southern California. FOEs are over-represented when more than 20% fall into a given category. More desirable outcomes would be for FOEs to be over-represented in places ranked highest in sustainability-consistent outcomes. Results are reported for the distribution of FOE establishments.5

Table 2 BY COUNTY Average Person Miles

Traveled to Work(lower is better)

Job Density (higher is better)

High Quality Transit Location Coverage

(higher is better)

By Establishment

All Establishments in So Cal Avg.7 18 miles 2,054 jobs/sq. mi 53% of tract area

covered by HQTL

PARITY SCORE

Los Angeles Co FOEs 1.01 3.23 1.39

Orange Co FOEs 1.34 3.55 0.97

San Diego Co FOEs 1.07 2.04 0.77

San Bernardino Co FOEs 1.46 1.14 0.54

Ventura Co FOEs 1.06 1.06 0.28

Riverside Co FOEs 1.42 0.52 0.40

BREAKDOWNS OF FOE SUSTAINABILITY

The following tables break down FOEs by three characteristics: by county, by ownership region, and by industry sector. For these, the typical FOE of a given characteristic is measured against the typical Southern California establishment by comparing the averages of each. A score over 1.00 indicates that FOEs have a higher average compared to the typical Southern California establishment. For average PMT the more sustainable outcome would be for FOEs to have a score lower than 1.00. For job density and HQTL coverage, a score above 1.00 would indicate that FOEs are performing better than the average Southern California establishment in terms of sustainability.

For example: The typical FOE in Los Angeles is situated in an area where: a) the average commute of its workers is roughly on par with that of the typical Southern California establishment (with a parity score of 1.01 indicating that Los Angeles commutes are just about 1% longer than the Southern California average); b) in an area that is 3.23 times more job dense than the location of a typical Southern California establishment; and c) is in an area that is covered by about 39% more high quality transit (with a parity score of 1.39) than the typical Southern California establishment.

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Table 4 Average Person Miles




(higher is better)

By Establishment


covered by HQTL

PARITY SCORE

Retail Trade 1.10 1.87 1.12

Wholesale Trade 1.12 2.50 0.93

Manufacturing 1.15 2.18 0.81

Finance and Insurance 1.07 2.56 1.25

Professional, Scientific, and Technical Services

1.09 3.26 1.00

Administrative and Support and Waste Management

and Remediation1.10 3.65 1.20

Information 1.04 2.84 1.29

Transportation and Warehousing

1.07 2.38 0.93

Accommodation and Food Services 1.04 2.38 1.24

Health Care and Social Assistance 1.06 1.90 1.00

Real Estate and Rental and Leasing 1.07 3.12 1.00

Other Services (except Public Administration) 1.08 2.20 0.97

Construction 1.15 2.36 0.87

BY OWNERSHIP REGION8

Data for FOEs includes the owner’s country of origin. Here, owners’ countries have been aggregated into regions. The following tables report on the location sustainability of firms by the region of their owners. Across ownership region, results show that the average PMT and the average HQTL coverage in the location of an FOE does not differ from that of a typical Southern California firm or from each other. FOEs are, however, situated in more job dense locations than the typical Southern California establishment.

BY INDUSTRY SECTOR9

Results for sector level analysis show that the most variation between the location of FOE types is in job density. In the areas of average commutes and HQTL coverage, there is less variation among FOEs and between FOEs and the typical Southern California establishment.

Table 3Average Person Miles




(higher is better)

By Establishment


covered by HQTL

PARITY SCORE

Western Europe 1.11 2.48 1.00

Asia and Oceania 1.07 2.38 1.04

North America 1.13 2.41 1.00

Latin America 1.03 1.11 1.05

Other 1.06 3.17 1.13

1 California Air Resources Board. (2018). 2018 Progress Report: California's Sustainable Communities and Climate Protection Act (pp. 1-96). CA.

2 SCS indicators were developed with support from CARB and the California Department of Transportation (Caltrans). For more information, see Project No. 15RD010 at www.arb.ca.gov. Statewide report forthcoming.

3 For this analysis, we use census tracts as a proxy for neighborhoods. The average population of a census tract is 4,000 people (ranging from 2,500 to 8,000) and approximately 1,500 housing units. The Bureau of the Census defines census tracts as "a relatively homogenous area with respect to population characteristics, economic status and living conditions."

4 A transit stop with high quality service is defined as a stop with a wait of 15 minutes or less between trains/buses. A high quality transit location is the ¼ mile area surrounding high quality transit stops.

5 Analysis was also conducted for the distribution of FOE by employment. Results showed similar patterns to those of establishments.

6 Results in bold indicate areas in which FOEs are performing better than the typical Southern California establishment on sustainability.

7 The median of each sustainability measure is calculated for each FOE establishment type to represent the characteristics of a typical establishment in that category.

8 Regions are defined using the World Trade Organization’s definitions. Only regions with 100+ establishments are reported in the table. Africa, Central and Eastern Europe, and the Middle East are reported together as “Other.”

9 Sectors were identified using their 2-digit North American Industry Classification System (NAICS) code. Results are reported for sectors with 100+ establishments.

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NO. 1

JAPANJAPANESE FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 40,747 49.8% 1,203 $3,205.2

2 Orange 21,334 26.1% 512 1,583.8

3 San Diego 11,680 14.3% 387 911.4

4 San Bernardino 3,448 4.2% 144 166.2

5 Riverside 2,312 2.8% 103 121.3

6 Ventura 2,230 2.7% 58 197.7

TOTAL 81,751 100.0% 2,407 6,185.7


81,751 FOE FIRMS


$6,186M

NO. 1

JAPANNO. 1

JAPAN

JAPANESE FOE JOBS BY SECTOR

0 5000 10000 15000 20000 25000

Financial Activities

Information

Retail Trade

Wholesale Trade

Manufacturing0 5000 10000 15000 20000 25000

NO. 2

UNITED KINGDOMUK FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 27,165 42.7% 573 $1,982.6

2 Orange 19,449 30.5% 219 1,050.7

3 San Diego 10,250 16.1% 252 750.1

4 Ventura 4,605 7.2% 74 408.0

5 Riverside 2,220 3.5% 94 98.9

6 San Bernardino 1,304 2.0% 69 57.4

TOTAL 64,993 100.0% 1,281 4,347.7


64,993 FOE FIRMS


$4,348MUK FOE JOBS BY SECTOR

0 5000 10000 15000 20000 25000

Leisure / Hospitality

Transp, Warehousing & Utilities

Retail Trade

Manufacturing

Prof / Business Services0 5000 10000 15000 20000 25000

NO. 4

CANADACANADIAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 18,104 42.4% 350 $1,596.3

2 Orange 11,105 26.0% 160 854.4

3 San Diego 4,857 11.4% 158 383.0

4 Riverside 3,132 7.3% 90 164.7

5 San Bernardino 2,944 6.9% 100 158.5

6 Ventura 2,572 6.0% 37 141.2

TOTAL 42,714 100.0% 895 3,298.0


42,714 FOE FIRMS

895 ESTIMATED WAGES

$3,298MCANADIAN FOE JOBS BY SECTOR

0 5000 10000 15000 20000

Wholesale Trade

Information

Prof / Business Services


Manufacturing0 5000 10000 15000 20000

FDI SOURCE NATIONS CUSTOM CONTENT 19

NO. 3

FRANCEFRENCH FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 21,496 49.4% 473 $1,565.8

2 Orange 9,475 21.8% 183 686.8

3 Ventura 5,652 13.0% 43 534.1

4 San Diego 4,491 10.3% 142 277.0

5 San Bernardino 2,387 5.5% 64 111.3

6 Riverside 1,110 2.6% 62 45.5

TOTAL 44,611 100.0% 967 3,220.6


44,611 FOE FIRMS

967 ESTIMATED WAGES

$3,221MFRENCH FOE JOBS BY SECTOR

0 5000 10000 15000 20000



Retail Trade


Manufacturing0 5000 10000 15000 20000

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NO. 8

CHINACHINESE FOEs BY DESTINATION COUNTY


($millions)

1 Orange 7,521 48.0% 85 $607.8

2 Los Angeles 5,917 37.7% 240 450.9

3 San Bernardino 1,032 6.6% 63 64.8

4 San Diego 808 5.2% 40 55.6

5 Riverside 232 1.5% 17 12.6

6 Ventura 173 1.1% 3 10.1

TOTAL 15,683 100.0% 448 1,201.9


15,683 FOE FIRMS

448 ESTIMATED WAGES

$1,202MCHINESE FOE JOBS BY SECTOR

0 1000 2000 3000 4000 5000 6000


Information


Manufacturing

Wholesale Trade0 1000 2000 3000 4000 5000 6000

NO. 5

GERMANYGERMAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 12,704 46.3% 353 $911.0

2 Orange 5,190 18.9% 170 401.0

3 San Bernardino 3,068 11.2% 84 156.0

4 San Diego 2,791 10.2% 133 186.5

5 Ventura 1,849 6.7% 47 123.3

6 Riverside 1,847 6.7% 50 95.0

TOTAL 27,449 100.0% 837 1,872.7


27,449 FOE FIRMS

837 ESTIMATED WAGES

$1,873MGERMAN FOE JOBS BY SECTOR

0 3000 6000 9000 12000 15000

Education / Health


Wholesale Trade

Retail Trade

Manufacturing0 3000 6000 9000 12000 15000

NO. 6

SWITZERLANDSWISS FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 15,471 66.6% 174 $1,544.8

2 San Diego 2,710 11.7% 57 226.2

3 Orange 2,406 10.4% 80 189.2

4 Riverside 1,587 6.8% 20 89.2

5 San Bernardino 942 4.1% 30 47.4

6 Ventura 100 0.4% 9 7.0

TOTAL 23,216 100.0% 370 2,103.7


23,216 FOE FIRMS

370 ESTIMATED WAGES

$2,104MSWISS FOE JOBS BY SECTOR

0 2000 4000 6000 8000 10000 12000

Retail Trade

Wholesale Trade

Other Services

Manufacturing

Financial Activities0 2000 4000 6000 8000 10000 12000

NO. 7

IRELANDIRISH FOEs BY DESTINATION COUNTY


($millions)

1 Orange 6,136 37.0% 42 $473.3

2 Los Angeles 4,726 28.5% 47 345.6

3 San Diego 3,578 21.6% 26 298.4

4 Ventura 973 5.9% 17 91.5

5 Riverside 637 3.8% 16 32.7

6 San Bernardino 544 3.3% 13 30.5

TOTAL 16,594 100.0% 161 1,272.0


16,594 FOE FIRMS

161 ESTIMATED WAGES

$1,272MIRISH FOE JOBS BY SECTOR

0 3000 6000 9000 12000 15000

Information

Construction


Wholesale Trade

Manufacturing0 3000 6000 9000 12000 15000

13-24_WTCLA_20190520.indd 20 5/15/19 12:08 PM

MAY 20, 2019 CUSTOM CONTENT - LOS ANGELES BUSINESS JOURNAL 21

NO. 9

SWEDENSWEDISH FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 4,161 40.0% 47 $208.9

2 Orange 2,188 21.0% 23 147.4

3 San Diego 1,527 14.7% 16 74.4

4 Riverside 1,472 14.1% 14 71.5

5 San Bernardino 561 5.4% 14 23.6

6 Ventura 499 4.8% 5 22.7

TOTAL 10,408 100.0% 119 548.5


10,408 FOE FIRMS

119 ESTIMATED WAGES

$549MSWEDISH FOE JOBS BY SECTOR

0 1000 2000 3000 4000 5000 6000 7000 8000

Retail Trade

Wholesale Trade

Construction

Manufacturing

Prof / Business Services0 1000 2000 3000 4000 5000 6000 7000 8000

NO. 11

SOUTH KOREASOUTH KOREAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 4,447 49.4% 149 $305.4

2 Orange 1,992 22.1% 77 141.0

3 San Diego 1,168 13.0% 26 97.0

4 San Bernardino 552 6.1% 22 29.5

5 Riverside 539 6.0% 7 27.0

6 Ventura 299 3.3% 5 26.2

TOTAL 8,997 100.0% 286 626.1


8,997 FOE FIRMS

286 ESTIMATED WAGES

$626MSOUTH KOREAN FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500 3000 3500

Retail Trade



Wholesale Trade

Manufacturing0 500 1000 1500 2000 2500 3000 3500

NO. 10

TAIWANTAIWANESE FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 5,771 56.9% 143 $412.4

2 Orange 3,119 30.7% 72 251.7

3 San Diego 688 6.8% 14 60.0

4 San Bernardino 415 4.1% 25 22.4

5 Ventura 110 1.1% 6 7.0

6 Riverside 42 0.4% 2 2.8

TOTAL 10,145 100.0% 262 756.3


10,145 FOE FIRMS

262 ESTIMATED WAGES

$756MTAIWANESE FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500 3000 3500 4000




Wholesale Trade

Manufacturing0 500 1000 1500 2000 2500 3000 3500 4000

NO. 12

AUSTRALIAAUSTRALIAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 5,604 62.7% 126 $452.4

2 Orange 1,396 15.6% 48 116.4

3 San Diego 924 10.3% 32 76.8

4 San Bernardino 743 8.3% 20 41.5

5 Riverside 209 2.3% 11 10.9

6 Ventura 61 0.7% 4 4.7

TOTAL 8,937 100.0% 241 702.7


8,937 FOE FIRMS

241 ESTIMATED WAGES

$703MAUSTRALIAN FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500 3000

Retail Trade


Manufacturing

Wholesale Trade

Prof / Business Services0 500 1000 1500 2000 2500 3000

13-24_WTCLA_20190520.indd 21 5/15/19 12:09 PM


NO. 16

THAILANDTHAI FOEs BY DESTINATION COUNTY


($millions)

1 San Diego 5,033 87.1% 5 $423.1

2 Los Angeles 731 12.6% 15 52.0

3 Orange 15 0.3% 3 0.9

4 San Bernardino - 0.0% - -

5 Riverside - 0.0% - -

6 Ventura - 0.0% - -

TOTAL 5,779 100.0% 23 476.0


5,779 FOE FIRMS

23 ESTIMATED WAGES

$476MTHAI FOE JOBS BY SECTOR

0 1000 2000 3000 4000 5000 6000


Public Administration


Wholesale Trade

Manufacturing0 1000 2000 3000 4000 5000 6000

NO. 14

MEXICOMEXICAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 3,423 52.8% 92 $223.2

2 San Diego 1,146 17.7% 67 84.1

3 San Bernardino 977 15.1% 34 47.9

4 Orange 540 8.3% 24 36.0

5 Ventura 314 4.8% 13 29.3

6 Riverside 85 1.3% 21 5.2

TOTAL 6,485 100.0% 251 425.6


6,485 FOE FIRMS

251 ESTIMATED WAGES

$426MMEXICAN FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500 3000



Wholesale Trade

Retail Trade

Manufacturing0 500 1000 1500 2000 2500 3000

NO. 15

SPAINSPANISH FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 2,805 45.5% 36 $160.9

2 San Diego 1,282 20.8% 26 107.0

3 Riverside 1,015 16.5% 25 65.3

4 Orange 722 11.7% 20 43.5

5 San Bernardino 310 5.0% 9 14.4

6 Ventura 35 0.6% 1 2.7

TOTAL 6,169 100.0% 117 393.8


6,169 FOE FIRMS

117 ESTIMATED WAGES

$394MSPANISH FOE JOBS BY SECTOR

0 200 400 600 800 1000 1200

Construction

Wholesale Trade

Manufacturing


Education / Health0 200 400 600 800 1000 1200

NO. 13

NETHERLANDSDUTCH FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 4,935 56.6% 77 $468.0

2 San Diego 1,950 22.4% 49 138.5

3 Orange 806 9.2% 23 55.2

4 Riverside 521 6.0% 21 28.6

5 San Bernardino 368 4.2% 14 15.2

6 Ventura 135 1.5% 14 11.4

TOTAL 8,715 100.0% 198 717.0


8,715 FOE FIRMS

198 ESTIMATED WAGES

$717MDUTCH FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500


Retail Trade


Manufacturing

Financial Activities0 500 1000 1500 2000 2500

13-24_WTCLA_20190520.indd 22 5/15/19 12:09 PM

MAY 20, 2019 CUSTOM CONTENT - LOS ANGELES BUSINESS JOURNAL 23

NO. 17

ISRAELISRAELI FOEs BY DESTINATION COUNTY


($millions)

1 Orange 2,993 58.0% 15 $232.8

2 Los Angeles 1,886 36.5% 27 137.5

3 San Diego 155 3.0% 7 13.5

4 Riverside 73 1.4% 3 3.9

5 Ventura 39 0.8% 3 3.8


TOTAL 5,162 100.0% 58 392.3


5,162 FOE FIRMS

58 ESTIMATED WAGES

$392MISRAELI FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500 3000 3500 4000

Wholesale Trade


Retail Trade


Manufacturing0 500 1000 1500 2000 2500 3000 3500 4000

NO. 18

INDIAINDIAN FOEs BY DESTINATION COUNTY


($millions)

1 Orange 1,592 38.8% 25 $136.6

2 Los Angeles 1,474 35.9% 60 102.3

3 San Bernardino 739 18.0% 13 53.8

4 San Diego 189 4.6% 13 16.8

5 Ventura 85 2.1% 3 6.3

6 Riverside 28 0.7% 5 1.3

TOTAL 4,107 100.0% 119 317.2


4,107 FOE FIRMS

119 ESTIMATED WAGES

$317MINDIAN FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500

Retail Trade

Information

Manufacturing

Natural Resources

Prof / Business Services0 500 1000 1500 2000 2500

NO. 20

ITALYITALIAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 1,540 44.3% 69 $65.9

2 San Diego 900 25.9% 26 64.5

3 Orange 805 23.1% 37 57.0

4 Riverside 117 3.4% 10 6.9


6 Ventura 28 0.8% 3 2.1

TOTAL 3,478 100.0% 151 201.2


3,478 FOE FIRMS

151 ESTIMATED WAGES

$201MITALIAN FOE JOBS BY SECTOR

0 300 600 900 1200 1500

FInancial Activities

Wholesale Trade

Retail Trade


Manufacturing0 300 600 900 1200 1500

NO. 19

BELGIUMBELGIAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 1,788 44.7% 31 $74.3

2 Orange 836 20.9% 12 63.3

3 San Diego 638 16.0% 8 54.2

4 Riverside 533 13.3% 5 30.9


6 Ventura 10 0.3% 2 0.8

TOTAL 3,999 100.0% 62 233.0


3,999 FOE FIRMS

62 ESTIMATED WAGES

$233MBELGIAN FOE JOBS BY SECTOR

0 500 1000 1500 2000 2500



Wholesale Trade


Manufacturing0 500 1000 1500 2000 2500

13-24_WTCLA_20190520.indd 23 5/15/19 12:10 PM


NO. 21

HONG KONGHONG KONG FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 1,816 53.3% 69 $101.6

2 San Bernardino 505 14.8% 7 38.3

3 San Diego 497 14.6% 14 28.2

4 Orange 413 12.1% 10 23.6

5 Riverside 149 4.4% 4 9.8

6 Ventura 27 0.8% 2 2.2

TOTAL 3,407 100.0% 106 203.6


3,407 FOE FIRMS

106 ESTIMATED WAGES

$204MHONG KONG FOE JOBS BY SECTOR

0 200 400 600 800 1000 1200



Wholesale Trade

Manufacturing

Leisure / Hospitality0 200 400 600 800 1000 1200

NO. 23

AUSTRIAAUSTRIAN FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 918 38.0% 35 $51.3

2 San Diego 609 25.2% 8 46.3

3 Riverside 362 15.0% 16 15.5

4 San Bernardino 323 13.4% 13 8.6

5 Orange 205 8.5% 11 6.8

6 Ventura - 0.0% - -

TOTAL 2,417 100.0% 83 128.6


2,417 FOE FIRMS

83 ESTIMATED WAGES

$129MAUSTRIAN FOE JOBS BY SECTOR

0 200 400 600 800 1000 1200


Retail Trade

Wholesale Trade

Manufacturing

Leisure / Hospitality0 200 400 600 800 1000 1200

NO. 24

LUXEMBOURGLUXEMBOURG FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 1,382 62.8% 54 $100.8

2 Orange 494 22.4% 28 32.6

3 San Diego 129 5.9% 16 8.2

4 Ventura 68 3.1% 8 4.2

5 Riverside 67 3.0% 10 2.7


TOTAL 2,201 100.0% 124 151.1


2,201 FOE FIRMS

124 ESTIMATED WAGES

$151MLUXEMBOURG FOE JOBS BY SECTOR

0 100 200 300 400 500 600


Information

Retail Trade

Manufacturing

Prof / Business Services0 100 200 300 400 500 600

NO. 22

CAYMAN ISLANDSCAYMAN ISLAND FOEs BY DESTINATION COUNTY


($millions)

1 Los Angeles 2,555 78.7% 31 $147.1

2 Orange 386 11.9% 15 32.5


4 San Diego 113 3.5% 7 5.8

5 Riverside 59 1.8% 3 2.9

5 Ventura 10 0.3% 1 0.8

TOTAL 3,245 100.0% 60 196.0


3,245 FOE FIRMS

60 ESTIMATED WAGES

$196MCAYMAN ISLAND FOE JOBS BY SECTOR

0 300 600 900 1200 1500



Manufacturing

Wholesale Trade

Retail Trade0 300 600 900 1200 1500

13-24_WTCLA_20190520.indd 24 5/15/19 12:10 PM

Documents

FOREIGN DIRECT INVESTMENT · 2020-05-27 · FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA, 2019 IN PARTNERSHIP WITH CUSTOM CONTENT 13-24_WTCLA_20190520.indd 13 5/15/19 12:07 PM